Job Description
The Anti-Money Laundering Control Manager is responsible for:
Assisting and supporting the IDC, including relevant subsidiaries in complying with all local and international AML/CTF and Sanctions legislation (e.g. FATF recommendations 40+9, POCA, PRECCA, FICA, POCDATARA & Sanctions laws) applicable to the IDC.
Facilitating the implementation, creating the required AML/CTF and Sanctions awareness;
Performing compliance reviews and assisting other assurance providers with their audits; remediating all issues of non-compliance and reporting to various Committees and statutory bodies.
Qualification and Experience
Qualifications:
LLB, BCom, or equivalent qualification.
A certificate in Anti-Money Laundering Control.
Accredited or certified member of the Compliance Institute of South Africa (CISA).
CAMS Certification will be an added advantage.
A certificate in compliance management will be an added advantage.
Knowledge and Skills:
At least 8-10 years' experience in the anti-money laundering control/counter terror financing and sanctions environment.
At least 5 years in a management and leadership role.
Sound experience in report writing and presentation.
Knowledge of Siron system will be an added advantage.
Roles and Responsibilities
COMPLIANCE RISK IDENTIFICATION AND ASSESSMENT
To assist the IDC identify and comply with all applicable AML/CTF and Sanctions legislative requirements.
To provide AML/CTF & Sanctions compliance advice to the SBUs/Dept.'s (including subsidiaries) on the requirements stipulated within the AML/CTF & Sanctions legislation.
To proactively identify potential breaches on AML/CTF & Sanctions, investigate compliance issues and/or irregularities and remediate.
To compile and continuously update, manage and execute an IDC AML/CTF and Sanctions Compliance Coverage Plan.
Prepare for presentation and approval by the Executive Management Committee of the AML annual compliance programme.
COMPLIANCE RISK MANAGEMENT
Perform AMLC (KYC/VYC) background/Sanctions listing searches, media searches, and identification of DPEPs and FPEPs on FICA files of potential/new and existing clients.
Technical trend monitoring and investigating suspicious financial activity across the Corporation.
Data profiling and quality assessment sorting.
System fine-tuning and optimization and predictive ML/TF risk analytics.
Drive the initiating and review of applicable systems and procedures to ensure that ML/TF data analytics and surveillance takes place at the correct points.
COMPLIANCE RISK MONITORING
To compile and regularly review AML/CTF and Sanctions Compliance Risk Management Plans for the applicable AMLC regulatory requirements.
To plan, manage, conduct and/or facilitate AML/CTF and Sanctions compliance monitoring/audits.
COMPLIANCE RISK REPORTING
To compile and submit AML/CTF & Sanctions Compliance Risk Profile Reports to relevant SBUs/Depts.
To compile and submit quarterly, bi-annual and annual AML/CTF & Sanctions Compliance reports.
To report to management on the status of AML & Sanctions compliance within business.
To log all AML/CTF & Sanctions compliance findings on the Compliance Issues Log.
To ensure that all relevant reports in terms of FICA are submitted to the FIC and/or any other statutory body or law enforcement agencies.
COMPLIANCE AWARENESS AND TRAINING
To communicate effectively, provide support and create awareness on AML/CTF and Sanctions legislation with Management.
To train staff on AML/CTF and Sanctions legislation.
To conduct ongoing practical AML/CTF and Sanctions training on all impacted SBU/Dept.
To stay abreast of amended and/or new AML/CTF and Sanctions regulatory requirements.
To attend industry forums, seminars and working groups.
Job Requirements
ESSENTIAL JOB COMPETENCIES
Attention to detail.
Analytical and interpretation.
Planning and organizing.
Presenting and communication.
Influencing and stakeholder management.
Ethical and integrity.
Project management.
Interpersonal skills.
Sound knowledge of MS Office i.e. Word, Excel and PowerPoint.
Job Reference: IDC00337
#J-18808-Ljbffr